The TBESS was introduced to support businesses with increases in their electricity or natural gas (energy) costs.
Your business can make a claim under the scheme if it:
is tax compliant
carries on a Case I trade or Case II profession. This includes charities and approved sporting bodies that carry on certain activities
has experienced a significant increase of 50% or more in its electricity and/or natural gas average unit price.
Qualifying businesses can claim for 40% of the increases in their energy bills. The increase in energy bills must be between the ‘claim period’ and the ‘reference period’.
A claim period is a calendar month from September 2022 to February 2023. A reference period is the corresponding calendar month in the previous year. For example, September 2021 is the reference period for the September 2022 claim period.